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US pending home sales unexpectedly rebound in February on lower mortgage rates
US pending home sales increased 1.8% in February as mortgage rates declined, but gains may be limited by rising oil prices and inflation fears.
US Senate passes housing affordability, House consideration next
The US Senate passed a bipartisan bill to increase affordable housing construction, now awaiting House approval amid industry opposition and rising mortgage rates.
US existing home sales unexpectedly increase as mortgage rates decline
US existing home sales increased 1.7% in February 2024 due to declining mortgage rates and improved affordability, despite tight supply constraints.
Trump plans to allow 401(k) withdrawals for home down payments
WASHINGTON, Jan 16 (Reuters) – The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week. “We’re going to allow people to take money out of […]
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
